Luxury Living in Mumbai: ₹172 Crore Apartment Sold at Iconic Pali Hill Address
Apco Infratech Pvt Ltd purchases a triplex apartment at 'The Legend by Ashar' project in Pali Hill, Bandra for a record-breaking ₹172 Crore, setting a new benchmark in Mumbai's real estate market.
Mumbai Real EstateLuxury ApartmentsPali HillAshar GroupApco Infratech Pvt LtdReal Estate MumbaiJul 25, 2024
The deal, which was registered on July 23, 2024, has been valued at ₹1.81 Lakh per sq ft, making it one of the costliest real estate deals in the Mumbai Metropolitan Region (MMR). The project, developed by Ashar Group, is being built on the site of Bollywood legend Dilip Kumar's former residence.
The proposed project will have a total construction area of 1.75 lakh sq ft, spread across 11 floors, and will feature a museum on the ground floor with a separate access. The museum will be curated by Dilip Kumar's wife, Saira Banu, who will decide what memorabilia to display.
The development of the late actor's residence into a modern marvel respects the grandeur of its past while incorporating state-of-the-art amenities and European Art Deco architectural design. According to Ayushi Ashar, Director of Ashar Group, the project is expected to generate revenue of ₹900 Crore.
Apco Infratech Pvt Ltd, founded by Anil Kumar Singh in 1992, is one of India's fastest-growing mid-sized infrastructure conglomerates, with a net worth of over ₹1,451 Crore and an annual turnover of ₹5,454 Crore.
The project offers three luxurious residential options The Estate, featuring expansive residences spread across 3,200 sq ft; The Duets, vertical villas with double-height living areas that epitomize 3,400 sq ft of sheer opulence; and The Bungalows, the most enviable living spaces in Pali Hill with access to private gardens spanning across 3,700 sq ft.
Information Ashar Group is a renowned real estate developer in Mumbai, known for its luxury projects that offer unparalleled living experiences. 'The Legend by Ashar' is the group's second luxury project in Pali Hill, following 'Navroze by Ashar.'
Frequently Asked Questions
What is the sale price of the triplex apartment at 'The Legend by Ashar' project?
₹172 Crore
What is the per sq ft value of the deal?
₹1.81 Lakh per sq ft
Who is the developer of 'The Legend by Ashar' project?
Ashar Group
What is the total construction area of the project?
1.75 lakh sq ft
What is the expected revenue from the project?
₹900 Crore
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